2026 April issue of InMaricopa Magazine

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Maricopa. Families seeking garages or yard space still tend to rent homes rather than apartments. With rents ranging between $1,700 and $1,850 for many three-bedroom homes, landlords who purchased their properties years ago often still see positive cash flow after covering their mortgages. Newer investors, however, face tighter margins as higher home prices and elevated interest rates leave less room for profit. Maricopa may no longer be the runaway landlord’s market it once was, but it remains a stable one. AVERAGE MARICOPA RENTAL RATES 2015 VERSUS 2025 2015 $1,023 2025 $1,825 Source: ARMLS

a market where tenants largely rented houses instead of apartments. That structure defined Maricopa’s rental market for more than a decade. The numbers tell the story. In 2015, monthly rents in Maricopa hovered around $1,023. By 2019 it climbed to about $1,352. The pandemic years sent prices sharply higher. Rents jumped from $1,456 in 2020 to $1,765 in 2021, peaking near $1,945 in 2022. At that point, it was clearly a landlord’s market. But the balance has shifted. Average rents have eased in the past few years, falling to $1,908 in 2023, $1,868 in 2024 and $1,825 in 2025. Part of the reason is new supply. Several apartment developments approved in recent years have added roughly a thousand new units to the housing mix. While most renters in Maricopa prefer single-family homes, the added apartments give tenants more choices. For “mom-and-pop” landlords, the impact is noticeable but manageable. The city still has a small rental inventory overall. As of this writing, there are only 91 active rentals on MLS, 0.3 percent of the roughly 32,000 total homes in

F OR YEARS, OWNING A RENTAL HOME in Maricopa was about as close to a sure bet as a landlord could find. Much of the city’s growth during the housing boom of the early 2000s came in the form of single-family subdivisions rather than apartment complexes. When the housing crash hit in 2008, many of those homes transitioned into rentals, creating Rental prices ease but market remains strong in Maricopa BY DAYV MORGAN

Dayv Morgan is a Maricopa realtor and owner of HomeSmart Premier.

480-251-4231 DayvMorgan@gmail.com